Italian specialty finance company Banca Farmafactoring SpA proposed a cash dividend of €83.7 million for 2017, up from €72.1 million for 2016.
The dividend is equivalent to 49.2 cents per ordinary share and to a 100% payout ratio of the 2017 adjusted net income.
Banca Farmafactoring's consolidated profit attributable to owners of the parent company stood at €95.5 million for full year 2017, compared to €72.1 million in 2016.
